Pason Systems Inc. Announces Dismissal of Lawsuit

CALGARY, April 7, 2016 /CNW/ - Pason Systems Inc. (TSX: PSI) announced today that further to its press release of February 19, 2015, all claims, answers, affirmative defenses, asserted by Auto-Dril against Pason and by Pason against Auto-Dril, have been dismissed with prejudice by the United States District Court for the Southern District of Texas.

Pason Systems Inc.
Pason Systems Inc. is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, and web-based information management, enable collaboration between the rig and the office. Pason's common shares trade on the Toronto Stock Exchange under the symbol PSI.

Information on risks and uncertainties and other factors that could affect Pason's operations or financial results are included in Pason's reports on file with the Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or through Pason's website (www.pason.com).

SOURCE Pason Systems Inc.

about Pason Systems Inc., visit the company's website at www.pason.com or contact: Marcel Kessler, President and CEO, 403-301-3400, [email protected]; Jon Faber, Chief Financial Officer, 403-301-3400, [email protected]